Why you Need to Get Easements Plotted When You Buy Land
When you want to buy land or if you’re looking to buy land, plotted easements are important to include in your title report. Typically, when the land goes into escrow, your escrow officer or your real estate agent will order the title report or the preliminary title report. In that report, you will receive a number of items. The report talks about all the different details and exceptions of what they won’t cover and what they will cover in that title report.
Inside the Report
Part of this report will give you the description of easements that encumber the property. This could be utility easements, road easements, they could be water easements. There are several different easement types that could impact your property. Unless you are very, very familiar with reading these title reports, interpreting where the easement is on a lot can be quite difficult. The solution is to request that the title company plot the easements.
Plotting the Easements
Plotting the easements normally adds a couple more days, however, doing so is totally worth it. When you request that, they take a parcel map that shows the outline of the property and the surrounding properties, they put a color-coded key on the map, and they will plot different color lines (yellow, blue, green, etc.) that identify where each easement crosses your property.
This provides you with a very good visual of what exists. Let’s say the yellow easement is a utility easement, you will see that a 10-foot-wide utility easement exists on the south side or north side of your property. Then perhaps you’ll have a road and utility easement that’s maybe 20 feet wide that exists on the west side of the property. The plotted easements give you a good visual to confirm what that title report is saying.
We’ve had several times where we’ve gone back to review something that didn’t look right or even discovered that an easement was missed, and in turn questioned the title company who had to supply us with documents that were missed. So, this is something you definitely want to do.
I hope that helps. If you have more questions about buying land, building a custom home, building an ADU, remodeling your house or you want some popular floor plans on custom homes or ADUs, you can get those from our website, that’s www.tfgonline.com
All right, thanks for your time and have a great rest of your week.